Comments on: Cash for Clunkers a dud, waste of resources

By: itsfriday!

itsfriday! — Fri, 26 Feb 2010 21:23:38 +0000

I am so thankful that Brett writes for The Bulletin. Thank heavens they have at least one conservative employee. More students than most people realize agree with Brett and his views, not everyone is taken in by our President’s smooth talk and big promises. It is easy to put a positive spin on almost anything, and Obama is famous for doing so. Thanks for reporting the facts Brett, and for making sure those of us who are conservative can still relate to the Bulletin.

By: James Bordonaro

James Bordonaro — Thu, 04 Feb 2010 04:05:24 +0000

Mr. Mize is incorrect in many of his factual assertions on the CARS program. According to the official Department of Transportation has issued a report on the CARS program issued last month the total number of vehicles purchased was more than 677,000 not the 250,000 he claims. The program will result in the reduction of 9 million metric tons of carbon emissions over the next 25 years with an estimated social benefit of $278 million. Additionally, it will save 33 million gallons of gasoline each year. As for Mr. Mize’s claims that the program was a dud, it was actually so popular that it was tripled in funding after just 12 days! Furthermore, it is estimated to have added 1.1% to the 3rd Quarter GDP and created or saved 60,000 jobs. The program was administered with only 5% overhead and it took effect only 30 days after being signed into law!

Finally, as for Mr. Mize’s contention the working class or poor suffered because of the increase in prices on used cars, the report makes clear that the lower tier of used vehicles ($5,000 or less)did not see an increase in average vehicle prices in the month following the program primarily because the trade-ins would not have appeared on used car lots anyway because they were mostly old and had high mileage. The report can be found here: http://www.cars.gov/files/official-information/CARS-Report-to-Congress.pdf

By: mmm Taco Bell

mmm Taco Bell — Wed, 09 Sep 2009 18:13:37 +0000

The “Cash for Clunkers” program had both positive and negative points. The biggest negative is that this is more government spending taxpayer money needlessly. I like that Obama wants to get the economy moving again, but reckless spending of taxpayer money isn’t the way to do it.

By: emm

emm — Tue, 08 Sep 2009 21:54:07 +0000

Thanks for the fresh perspective Brett! I like “Big O” but this idea was just plain stupid. Let’s give the rookie a break and hope he makes better decisions in the future.

By: Cicily

Cicily — Wed, 02 Sep 2009 20:06:38 +0000

Wow. So it was a dud huh? I guess that’s why so many people used the program and it had to be expanded.

And your argument about the destruction of the rebated vehicles doesn’t stand either. We all know you’d be bitching if the dealerships were allowed to sell the traded vehicles because then the rebates would have been free money for the dealers. Why don’t you find some real issues to write about. We’re all sick of your pointless attacks on the Obama adminstration. I can’t imagine what kind of hell would be going on if McCain/Palin were in office right now.

By: Alumnus

Alumnus — Tue, 01 Sep 2009 01:16:43 +0000

good points…will there be a “sub-prime” auto loan default wave in the near future after these people slid into a new auto loan and now quite possibly will lose their job and not be able to make payments?
also, they have wrecked the secondary used car market by mandating that the trade ins be destroyed!

wow, you just made me wonder what the government will do once it gets it grubby little paws on health care…

keep up the good work!

By: julio

julio — Thu, 27 Aug 2009 21:34:07 +0000

Bret- does the sun ever shine in your conservative world